Tech

Nortel delays auction, citing strong interest

DanGallagher

SAN FRANCISCO (MarketWatch) -- Nortel Networks Corp. said Thursday morning that it has delayed the start of its auction of about 6,000 patents by a week, citing "significant level of interest." The auction will now commence on June 27. The portfolio of patents, which covers a wide range of wireless and Internet technologies, has drawn the interest of Google
GOOG, +1.11%
which has bid $900 million for the portfolio. Apple
AAPL, +1.96%
and Research In Motion
rimm
have also reportedly shown interest in the portfolio, according to various media reports.

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